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Nov 29, 2015
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the resorts in macau are world-class compared to las vegas. macau has taken off. pansy: we are talking about the next generation of people from china, who have become more affluent. betty: siblings lawrence and pansy ho have become leaders in the macau casino industry thanks to their father, stanley ho. the siblings have a combined net worth of $7 billion. for the last decade, they have met stiff competition. from a las vegas billionaire who is known for constantly betting against the odds. sheldon: they predicted i would not even open. they did not believe somebody else could do something better than they could. betty: they underestimated you. sheldon: they grossly underestimated me. betty: sheldon adelson is ceo of vegas sands, with a net worth of $35 billion. much of that wealth made on his macau casinos. the race for macau pits billionaire against billionaire. all vying for the attention of the 1.3 billion chinese to the north. macau is an 11-square mile enclave on the southern coast of mainland china. for over four centuries, it was under portuguese rule. tod
the resorts in macau are world-class compared to las vegas. macau has taken off. pansy: we are talking about the next generation of people from china, who have become more affluent. betty: siblings lawrence and pansy ho have become leaders in the macau casino industry thanks to their father, stanley ho. the siblings have a combined net worth of $7 billion. for the last decade, they have met stiff competition. from a las vegas billionaire who is known for constantly betting against the odds....
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Nov 2, 2015
11/15
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casino revenues in macau are falling. you have new resorts like studio hugeopening up with the batman ride and other attractions that are far away from the gaming floor. rick? we've got an initial government offering in the pipeline. stephen: bloomberg has learned that the china international capital corporation has priced over the topst end. do the math. 110 million usd. there may be a little bit of the discount compared to industry averages are at this point. they're up about 1.2 times the price. on the screen, this is the price to book. we get stocks trading at about 20 below. that is where we are. this isdifferent about that it actually gives a fairly unique exposure, since this is a more exposed firm. -- are talking about the main policy risk is this freeze when it comes to ipos in china. november 9. trading that is seven days from now. let's talk about cars. volkswagen. we have a report suggesting that vw's october sales in japan came in half the levels from last year. they punched in roughly 2400 vehicles. it is im
casino revenues in macau are falling. you have new resorts like studio hugeopening up with the batman ride and other attractions that are far away from the gaming floor. rick? we've got an initial government offering in the pipeline. stephen: bloomberg has learned that the china international capital corporation has priced over the topst end. do the math. 110 million usd. there may be a little bit of the discount compared to industry averages are at this point. they're up about 1.2 times the...
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Nov 1, 2015
11/15
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the resorts in macau are world-class compared to las vegas. macau has taken off. pansy: we are talking about the next generation of people from in
the resorts in macau are world-class compared to las vegas. macau has taken off. pansy: we are talking about the next generation of people from in
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Nov 1, 2015
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yvonne: thank you so much for that out of macau. let's check on some other headlines this morning for you. onece's biggest banks are sounder footing. parliament pushed for legislation to recapitalize lenders. they say they need another $16 billion to ensure they can withstand another crisis. repairing the financial sector is a key part of the greece bailout. the u.s. says athens has made togress, but much more needs be done. volkswagen sales have slumped compared to a year ago. new vehicle sales slumped to just twice or hundred in the ssions scandals. books like and does not sell the affected vehicles in japan, -- volkswagen does not sell the affected vehicles in japan, but the scandal has affected its image. westpac, the australian bank, had record results. it's all profits rise in 2009. the debt charge rose for the first time since 2012. westpac will pay shareholders of full-year dividend of 94 australian cents. tenet, japan, and korea have struck a blow for -- china, japan, and korea, have struck a blow for pragmatism. they agree
yvonne: thank you so much for that out of macau. let's check on some other headlines this morning for you. onece's biggest banks are sounder footing. parliament pushed for legislation to recapitalize lenders. they say they need another $16 billion to ensure they can withstand another crisis. repairing the financial sector is a key part of the greece bailout. the u.s. says athens has made togress, but much more needs be done. volkswagen sales have slumped compared to a year ago. new vehicle...
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Nov 28, 2015
11/15
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the resorts in macau are world-class compared to las vegas. macau has taken off. pansy: we are talking about the next generation of people from china, who have become more affluent.
the resorts in macau are world-class compared to las vegas. macau has taken off. pansy: we are talking about the next generation of people from china, who have become more affluent.
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Nov 21, 2015
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erik: to the world's largest hotel chains join forces to the outlook may not be so bright for macau's casinos. we explored the topic of tech valuations get a legendary oilman's thoughts. >> i feel like it fell through a 10 story building. 7 all this and best erik: all this and much more straight ahead on "bloomberg best." ♪ i am erik schatzker. " acome to "bloomberg best, look at the most important business news and analysis from bloomberg television around the world. the reverberations from last friday's terror attacks and paris were felt all week long. bloomberg reporters were on the scene of ground the globe as the story developed. a major concern in the wake of the attacks has been security. of whore getting an idea may have been involved and how they got into the country. all of that is going to have a big airing on what happens next. francine: how many lessons are you seeing being asked on why french intelligence and security could not stop these attacks? guy: one of the guys they have identified was under court supervision. he skipped that. a guy they had under court supervis
erik: to the world's largest hotel chains join forces to the outlook may not be so bright for macau's casinos. we explored the topic of tech valuations get a legendary oilman's thoughts. >> i feel like it fell through a 10 story building. 7 all this and best erik: all this and much more straight ahead on "bloomberg best." ♪ i am erik schatzker. " acome to "bloomberg best, look at the most important business news and analysis from bloomberg television around the...
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Nov 19, 2015
11/15
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macau's newest casino is delayed. the gaming industry's losing streak goes into a 17th month. ♪ reporter: fires have also broken out in south australia in the east coast is bracing for hot temperatures. is urging the investigation of the different appearance of thousands of people during the civil war. the team visited areas in the north and east, tamil separatists were fighting for -- they call for an investigation to identify those responsible for the disappearances. , new zealandes captain retiring. been theugby has biggest part of his life that he is looking for to the next chapter. he has played a record number of matches, winning 89% of them. he also led the team in back-to-back world cups. athaad: let's take a look macau. delaying the opening of its new resort until june. not a good sign for an industry in a 17 month long slump. is big a disappointment this? we are talking about the new palace. reporter: it is the most expensive investment of any of the next wave of resorts being built. it is a big deal. it i
macau's newest casino is delayed. the gaming industry's losing streak goes into a 17th month. ♪ reporter: fires have also broken out in south australia in the east coast is bracing for hot temperatures. is urging the investigation of the different appearance of thousands of people during the civil war. the team visited areas in the north and east, tamil separatists were fighting for -- they call for an investigation to identify those responsible for the disappearances. , new zealandes captain...
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Nov 26, 2015
11/15
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the resorts in macau are world-class compared to las vegas. macau has taken off. pansy: we are talking about the next generation of people from china, who have me
the resorts in macau are world-class compared to las vegas. macau has taken off. pansy: we are talking about the next generation of people from china, who have me
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Nov 22, 2015
11/15
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but the outlook may not be so bright for macau's casinos. we explore the bubbly topic of tech valuations and get a legendary oil man's thoughts on a slumping market. >> i feel like the guy that fell up the fifth story building. he said so far, so good. >> this much and so much more straight ahead on "bloomberg best." ♪ >> hello. i'm erik schatzker. welcome to "bloomberg best." the reverberations them last friday's terror attacks in paris were felt all week long. bloomberg reporters were on the the scene in paris and across the globe as the story develops. a major concern has been security. ♪ >> we are getting an idea of who may be involved and how they got into the country. were they born in france, did they come from belgium? or did they come via greece from syria. all of that will have a big bearing on what happens next, politically. francine: guy, how many questions are you seeing in france being asked as to why security cannot stop these attacks are happening? guy: one of the guys they identified over the last hour was under court su
but the outlook may not be so bright for macau's casinos. we explore the bubbly topic of tech valuations and get a legendary oil man's thoughts on a slumping market. >> i feel like the guy that fell up the fifth story building. he said so far, so good. >> this much and so much more straight ahead on "bloomberg best." ♪ >> hello. i'm erik schatzker. welcome to "bloomberg best." the reverberations them last friday's terror attacks in paris were felt all...
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Nov 18, 2015
11/15
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revenue -- macau casinos in focus now. we just heard from the chief executive talking about how this slump in gaming revenue is affecting the climate there. galaxy, sands china, wynn macau, all under pressure now, down 3% for galaxy entertainment group . for advantest. iron ore sinking to a four-month low. the steelmakers pressured by all of this. back to you. we have to take a break. on the other side, more action. china home prices as well. this is "trending business". ♪ >> the stories making headlines. beijing reiterated that reclaiming land in the south china sea poses no threat to its neighbors. the foreign ministry says the work is intended for civilian use and improved navigation in important trade routes. lighthousesilt to on islands claimed by philippines. bhp paying further damages for the disaster in brazil. 11 people killed when the dam holding back wastewater failed. the torrents left hundreds of people homeless and polluted a river that local communities rely on for freshwater. now facing a civil lawsuit fo
revenue -- macau casinos in focus now. we just heard from the chief executive talking about how this slump in gaming revenue is affecting the climate there. galaxy, sands china, wynn macau, all under pressure now, down 3% for galaxy entertainment group . for advantest. iron ore sinking to a four-month low. the steelmakers pressured by all of this. back to you. we have to take a break. on the other side, more action. china home prices as well. this is "trending business". ♪ >>...
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Nov 2, 2015
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macau casinos have seen earnings tumble since mid-2014. kerry and president has begun her first ever bilateral meeting with shinzo abe. they join china's premier to put aside three years of strained relations and declare complete of slowing because economies. trilateral talks have been suspended since 2012 over and -- territorial disputes and japan's military legacy. back to japan, the latest in the markets with julie. -- juliet. let's see how they come out of the lunch break. by 1.9% still looking at that level at the moment. china, pretty flat. we have seen good gains in south korea. -- kospi is high. taiwan's market also high. we are seeing selling in the region despite the positive month of october that we had. asia-pacific index is down by almost 2% with every index -- sector in the red. we have been watching those casinos in hong kong. they have been doing really well despite the fold in macau revenue in october. galaxy entertainment started the day in the red, but looking pretty solid in the session. elsewhere, weakness from the usj
macau casinos have seen earnings tumble since mid-2014. kerry and president has begun her first ever bilateral meeting with shinzo abe. they join china's premier to put aside three years of strained relations and declare complete of slowing because economies. trilateral talks have been suspended since 2012 over and -- territorial disputes and japan's military legacy. back to japan, the latest in the markets with julie. -- juliet. let's see how they come out of the lunch break. by 1.9% still...
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Nov 1, 2015
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a new casino opens in macau. plus, the most compelling digital video and telling charts from around the world in the last five days. this is "bloomberg best." david: welcome to "bloomberg best," a weekly review of the most important news coverage, analysis, information, and in-depth journalism from bloomberg television's global networks. central banks and monetary policy made headlines in the u.s., europe, and asia. >> i do believe that there is some evidence that the fed is getting increasingly nervous about being at zero for seven years. unemployment rate likely to grow. and yet we are still at emergency policy settings. that should make policy -- it is an extraordinary period. >> vice chairman fisher agrees that we are at emergency levels. >> yes, and is the big question -- what many said is they missed their oppotunity. the pieces were in place. i know we didn't have anybody else who is examining this very closely. >> michael mckee is in washington with a question. michael: in the boilerplate about when they
a new casino opens in macau. plus, the most compelling digital video and telling charts from around the world in the last five days. this is "bloomberg best." david: welcome to "bloomberg best," a weekly review of the most important news coverage, analysis, information, and in-depth journalism from bloomberg television's global networks. central banks and monetary policy made headlines in the u.s., europe, and asia. >> i do believe that there is some evidence that the...
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Nov 17, 2015
11/15
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it is not just macau, louis vuitton is downsizing in the chinese market. some may be moved or refurbished, but the total number of chinese stores will come down. emily: that is interesting. i live in china for a wild and i hile and i did a number of stories on ghost malls and nobody buying. is that because chinese consumers do not want to shop? are they buying online? haidi: you would know how prevalent those brands are in china. it is a bit of a double whe ammy. lv has been in china for a number of years, but it is perhaps oversaturated. you hear comments about it. it may be chinese consumers are going for other brands or they are shopping elsewhere. emily: all right, haidi in hong kong, thank you. ♪ the company behind blockbuster video games like grand theft auto and nba 2k. the ceo of take two joined bloomberg go. the company behind blockbuster video gamesthey asked him wheree company's growth is coming from. >> growth is coming from externally from us the what are now current gen platforms from microsoft and sony which are growing rapidly. we expect
it is not just macau, louis vuitton is downsizing in the chinese market. some may be moved or refurbished, but the total number of chinese stores will come down. emily: that is interesting. i live in china for a wild and i hile and i did a number of stories on ghost malls and nobody buying. is that because chinese consumers do not want to shop? are they buying online? haidi: you would know how prevalent those brands are in china. it is a bit of a double whe ammy. lv has been in china for a...
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Nov 6, 2015
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it was hong kong, macau. these are the areas that are feeling the pressure. instead, we are seeing some growth in their independently run boutiques. it is the wholesalers that are seeing the pain. jonathan: fascinating this morning that the warriors are using these earnings as a reader cross. that is playing out. is it that clear that this will affect everyone else as well? caroline: the entire luxury market being pulled down. feeling that asia-pacific is not going to get any better over the second half of the year. these trends have been bearing out when you look at swiss exports. when you look the exports of watches, in the third quarter, they were down 7%. that is the worst we have seen since 2011. look at what happened in september, hong kong down. the u.s. down by 18%. fx playing into that. to many people wanting travel to the united states. instead they would rather buy them in germany where the euro has been week. is an interesting geographical mix. a lot of bills are bringing today for the october outlook for richemont. junk a caroline hyde, great wor
it was hong kong, macau. these are the areas that are feeling the pressure. instead, we are seeing some growth in their independently run boutiques. it is the wholesalers that are seeing the pain. jonathan: fascinating this morning that the warriors are using these earnings as a reader cross. that is playing out. is it that clear that this will affect everyone else as well? caroline: the entire luxury market being pulled down. feeling that asia-pacific is not going to get any better over the...
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Nov 3, 2015
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so currently you're only allowed seven days if you're traveling through macau on your way to somewhere else. that could be extended to 14 days and i guess the idea the longer you spend the more you will spend over in macau so we're seeing very nice gains across these names. sjm comes out with earnings at some point later on today. now, let's look at south korea. up 5%, the south korean steel maker there. we had positive sales numbers, talking about domestic sales within south korea. we're talking roughly about 570,000 if i'm not mistaken. very, very -- yes. 520,000. my mistake. sales in south korea. very nice there. flipping over to australia, up 1.3%, getting an upgrade. crown resorts up 2%. perhaps on the back of this news when it comes to the casino, transit visas, down about a fifth. story there just fairly pessimistic view when it comes to earnings there. they see full year, the low was a street estimate. before i go i just want to mention i almost forgot. baby related stock here in hong kong seeing some declines. did see a big pop in shares friday following the lifting of the one
so currently you're only allowed seven days if you're traveling through macau on your way to somewhere else. that could be extended to 14 days and i guess the idea the longer you spend the more you will spend over in macau so we're seeing very nice gains across these names. sjm comes out with earnings at some point later on today. now, let's look at south korea. up 5%, the south korean steel maker there. we had positive sales numbers, talking about domestic sales within south korea. we're...
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Nov 9, 2015
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we are also seeing some of the other macau resort down. ynn taking the worst of it today. last month we saw a relief rally because it was the first time since february that the decline in that revenue has been less than 40% -- 30%. if we go back to 30% or 34% we are talking about an acceleration of the decline in that gaming revenue. a little bit of nervousness it seems among casino investors. david: thank you. volkswagen is extending an offer of goodwill to its customers. the company offered $1000 to those affected by those cars in prepaid visa cars and dealership credits. they have customers will see the reward package as a first step toward restoring consumer trust. for an hour in-depth look i'm joined by jeff green. what is volkswagen trying to do with this thousand dollars gift to customers? >> it seems a little premature. unless they have another guess that is going to come later. we do not know what the fix is, we do not know how far this is going to go. they seem to be coming up with things they have done wrong. they have not had a final reckoning. it is like if yo
we are also seeing some of the other macau resort down. ynn taking the worst of it today. last month we saw a relief rally because it was the first time since february that the decline in that revenue has been less than 40% -- 30%. if we go back to 30% or 34% we are talking about an acceleration of the decline in that gaming revenue. a little bit of nervousness it seems among casino investors. david: thank you. volkswagen is extending an offer of goodwill to its customers. the company offered...
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Nov 2, 2015
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overall, gaming revenue in macau is down by 35.5%. it may be a measure of how things -- of how bad things are. also, looking at the earnings reports, we heard from church and dwight who make armand hammer. the shares are trading a little bit lower after earnings beat estimates. the company brought down the upper end of its estimate for full-year earnings growth. is doing quite well, rising the most in three years after its profit topped analyst estimates. the company has been introducing new products and has been selling well in luxury fragrances. those shares are up 7.5%. another one in the personal products arena is clorox. the company sales and earnings beat estimates. the only lacking part of the business was international in large heart because of currencies. scarlet: thank you so much. visa has agreed to buy visa europe are as much as $23.4 billion. the company was let back in 2007 it will be reunited. deal andknows of the earnings estimates are waiting on the stock. shares are down more than 3% today. give us some more perspect
overall, gaming revenue in macau is down by 35.5%. it may be a measure of how things -- of how bad things are. also, looking at the earnings reports, we heard from church and dwight who make armand hammer. the shares are trading a little bit lower after earnings beat estimates. the company brought down the upper end of its estimate for full-year earnings growth. is doing quite well, rising the most in three years after its profit topped analyst estimates. the company has been introducing new...
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Nov 22, 2015
11/15
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. -- macau. as you can see, definitely a drop coming up next year. the chief executive says that they will take a closer look at several issues and the next few years which could affect what further casino companies are taking them. if it drops to $25 billion that would be the lowest since 2010. that's really a fair drop. the factors causing it is the continuing crackdown on excess and consumption in china and the slowing economy. a big factor there. those are not going away. we will see this continuing. downturn in macau. ♪ ♪ erik: you are watching "bloomberg best." i'm erik schatzker. a remarkable roster of business and political newsmakers spoke with bloomberg television in the n days.ve will begin around up of the week's best interviews at the robin hood investment conference in new york. stephanie said, keeping pickens. stephanie: we have to start with oil prices. the last time that we sat down you said by the end of the year we would be looking at 70. santa claus is knocking at our door and that is not what oil prices are. >> this is not th
. -- macau. as you can see, definitely a drop coming up next year. the chief executive says that they will take a closer look at several issues and the next few years which could affect what further casino companies are taking them. if it drops to $25 billion that would be the lowest since 2010. that's really a fair drop. the factors causing it is the continuing crackdown on excess and consumption in china and the slowing economy. a big factor there. those are not going away. we will see this...
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Nov 17, 2015
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macau is just so focused -- this is from a consumer's perspective. it's just gambling. there's no kind of vibe of you know restaurants and shows and night clubs. >> it is getting better but i think it's a social -- it's a social difference. e chinese gamblers and the rest of the world. >> do you think they should fund a special? and send me to do it? >> i think they should do it. >> that's a good idea. >> i'll do the las vegas side. i'm happy to do it. i don't mind the time difference. >> that's important. >> the last one i want to mention. icahn exiting ebay and opting for paypal. that's after the split off. he holds a 3.8% stake in paypal. >> let's talk about urban outfitters and third quarter profit margins improving as well but the retailer sales disappointed. same store sales of the parent of urban outfitters and anthropology rose 1%. analysts say that warm weather the past two months has been a problem hurting sales of their winter clothes such as coats and jackets. urban outfitters dropping 8% in after hours and in german trade more pronounced declines. 13.5% dow
macau is just so focused -- this is from a consumer's perspective. it's just gambling. there's no kind of vibe of you know restaurants and shows and night clubs. >> it is getting better but i think it's a social -- it's a social difference. e chinese gamblers and the rest of the world. >> do you think they should fund a special? and send me to do it? >> i think they should do it. >> that's a good idea. >> i'll do the las vegas side. i'm happy to do it. i don't mind...
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Nov 27, 2015
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especially those with business in macau. las vegas sands, we had that selloff in china overnight. that is bleeding over into account. yesterday we had the mostly trade numbers coming out in the cattle and we saw the cap widening more than estimated. , and weg out in macau saw the gap widening more than estimated. the first word news, here is courtney donohoe. courtney: francois hollande is for allies.s search after attending a memorial service for the 130 killed in the paris attacks, he left for malta to address the commonwealth. a group of countries drawn from the u.k.'s former colonies. russia is adding to sanctions on turkey for shooting down a warplane. they say that moscow will suspend visa free travel with tricky. they are making it tougher for turkish produced to be brought into the country already. russian air force says that turkish f-16 ambushed its warplane. one of the turkish fighter jets trust over into syrian air space before it was shot down. they repeated the position the airplane did not cross into turkey. republican presidential candidate then carson is working t
especially those with business in macau. las vegas sands, we had that selloff in china overnight. that is bleeding over into account. yesterday we had the mostly trade numbers coming out in the cattle and we saw the cap widening more than estimated. , and weg out in macau saw the gap widening more than estimated. the first word news, here is courtney donohoe. courtney: francois hollande is for allies.s search after attending a memorial service for the 130 killed in the paris attacks, he left...
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Nov 6, 2015
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the asia-pacific area was particularly week in hong kong, macau. uarters will 2 q remain challenging as well. they give us a sense that an october sales were down 6%. no and insight in terms of that pain. meanwhile, asia-pacific is really painful. a flurry this morning, we're getting -- these are reports that we could see more consolidation within the chemicals area. they just saw the chief executive leave. now the swiss agrochemical company is potentially buying up dupont, the u.s. chemical company that is maybe restructuring or breaking itself up. tough one aso be a many are reporting in the press that dow chemicals could be eyeing dupont as well, but syngenta could become a competitor, rather than prey. astrazeneca, meanwhile, splashing the cash buying zs pharma. this is a big premium, this is foret new drug treatments high potassium level illnesses that can cause chronic kidney disease. these drugs could be best in class being produced by zs pharma. anna: caroline, thank you. in the world of data, there was only one thing we are watching today
the asia-pacific area was particularly week in hong kong, macau. uarters will 2 q remain challenging as well. they give us a sense that an october sales were down 6%. no and insight in terms of that pain. meanwhile, asia-pacific is really painful. a flurry this morning, we're getting -- these are reports that we could see more consolidation within the chemicals area. they just saw the chief executive leave. now the swiss agrochemical company is potentially buying up dupont, the u.s. chemical...
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Nov 19, 2015
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and luck is turning in macau. new project will hand back an average return of 20% three years after opening. that is compared to an estimated 10% return from hotel groups out of hong kong. chinaors, including sands and galaxy entertainment group had earmarked $20 billion in spending in the region over the next three years. scarlet: time for our bloomberg quick take, where we provide context and back on on issues of interest. today, the focus is on you and currency controls. international monetary fund says the currencies traded widely enough to be considered a reserve currency, marking a huge milestone that some analysts estimate could trigger a $1 trillion which into chinese assets, but there is a long way to go in easing capital controls. here is the background. this chart that we have of the dollar versus the yuan -- as soon as we pull it up -- it would track china's evolving policy on currency. in 1994, beijing set a fixed rate. that indoor for a decade after china joined the world trade organization, in 2001.
and luck is turning in macau. new project will hand back an average return of 20% three years after opening. that is compared to an estimated 10% return from hotel groups out of hong kong. chinaors, including sands and galaxy entertainment group had earmarked $20 billion in spending in the region over the next three years. scarlet: time for our bloomberg quick take, where we provide context and back on on issues of interest. today, the focus is on you and currency controls. international...
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Nov 1, 2015
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a new casino opens in macau. plus the most compelling digital video and telling charts from around the world in the last five days. this is "bloomberg best." ♪
a new casino opens in macau. plus the most compelling digital video and telling charts from around the world in the last five days. this is "bloomberg best." ♪
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Nov 21, 2015
11/15
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erik: to the world's largest hotel chains join forces to the outlook may not be so bright for macau's casinos. we explored the topic of tech valuations get a legendary oilman's thoughts. >> i feel like it
erik: to the world's largest hotel chains join forces to the outlook may not be so bright for macau's casinos. we explored the topic of tech valuations get a legendary oilman's thoughts. >> i feel like it
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Nov 18, 2015
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backresorts have pushed the opening of its casino in macau and to the end of june. it has been hit by construction delays. shares falling almost 5% falling the announcement -- following the announcement. qualcomm says the accusations are not supported by facts. quite a tangle. emily: how much of this regulatory challenge against qualcomm is about samsung? idi: one of their competitors, but one of their top two customers as well. it is south korea's largest company and revenues have been suffering. regulators are trying to give them a bit of a helping hand. it is currently based on how much a handset is sold for as opposed to what the chip actually costs. qualcomm is facing -- is similar -- facing similar actions in other countries. emily: this is bloomberg west. we continue with my conversation with reid hoffman. as a venture capitalist, he is challenge with identifying truly innovative ideas. i asked him if he was seeing any sort of low in the flow of -- lull in the flow of innovation. reid: i do not think innovation is slowing down. is it on the vector we anticipa
backresorts have pushed the opening of its casino in macau and to the end of june. it has been hit by construction delays. shares falling almost 5% falling the announcement -- following the announcement. qualcomm says the accusations are not supported by facts. quite a tangle. emily: how much of this regulatory challenge against qualcomm is about samsung? idi: one of their competitors, but one of their top two customers as well. it is south korea's largest company and revenues have been...
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Nov 2, 2015
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doesn't seem too bad despite the gloomy outlook for macau's revenues. anna: you mentioned there the inth korean exports down 16% september. just another illustration. we saw the currency story kind of reverberating around korea. also, we are keeping an eye on what is happening in turkey. without a pretty clear market reaction. this is the dollar versus the turkish lira. we are now getting the book handed over to europe and we are getting another move lower as well. definitely long thought lire this morning -- long athe lire. just giving you a sense of the scale. just to give you a sort of sense of the movement. see, the strengthening mira. -- the strengthening lire. a. anna: it is all about manufacturing day today here in europe. half an hour after that, we get data from the u k janet yellen gives testimony before the u.s. house committee. she will be talking about regulation in the financial system. thursday, a bank of england rate decision at noon london time. arguably theay, most important data release of .he week, the u.s. jobs report what will that
doesn't seem too bad despite the gloomy outlook for macau's revenues. anna: you mentioned there the inth korean exports down 16% september. just another illustration. we saw the currency story kind of reverberating around korea. also, we are keeping an eye on what is happening in turkey. without a pretty clear market reaction. this is the dollar versus the turkish lira. we are now getting the book handed over to europe and we are getting another move lower as well. definitely long thought lire...
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Nov 17, 2015
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among those, macau casino shares. a report that november could be a difficult month in terms of gaining revenue. brokerages are doing very well in shanghai. the shanghai composite of by about one half of 1%. let's look at the a share. these of the stock sectors that are moving. financials seeing a nice move. as we look at banks and brokerages, financial services among the big movers. these are the top stocks we are watching in the session. major, major movers. quickly checking out other stock sectors we are watching. a rebound from yesterday's big decline. this is often encouraging, because it shows investors resilient around the world in the face of this terrorist threat. cathay pacific here in hong kong advancing. i am planning to make that trip. anna: you enjoy yourself. thank you very much for your report. it is 11 minutes past 6:00 here in london. is simon french. good to have you on the program. let's contextualize the events of friday from your perspective. any parallels in terms of the investment reaction? we
among those, macau casino shares. a report that november could be a difficult month in terms of gaining revenue. brokerages are doing very well in shanghai. the shanghai composite of by about one half of 1%. let's look at the a share. these of the stock sectors that are moving. financials seeing a nice move. as we look at banks and brokerages, financial services among the big movers. these are the top stocks we are watching in the session. major, major movers. quickly checking out other stock...
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Nov 18, 2015
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casino stocks in hong kong, yesterday in macau the chief that revenue is going to be around $25 billion estimated in 2016. that's about half of 2014 and estimates.ll of 2015 as you can expect we are seeing weakness coming through in casino stocks because a lot of analysts had hoped for a turnaround in casino gambling. japannly that close in showing that we have seen investors pull back a little in that afternoon session here in asia. thank you for the update, juliet from hong kong. challenging beijing's effort to revive the market and easier mortgage restrictions. more from nick. get to see this morning. what do today's events tell us about the condition of chinese economy and any need for more stimulus? shows is ait really split in china. the stimulus measures the government has taken in the last few months are kicking in pretty well in the big cities, beijing, shanghai, places like that, while the smaller cities in the rural areas are really struggling to catch up. when you look at those cities you see a really big supply glut . this is an issue that has faced the government for so lo
casino stocks in hong kong, yesterday in macau the chief that revenue is going to be around $25 billion estimated in 2016. that's about half of 2014 and estimates.ll of 2015 as you can expect we are seeing weakness coming through in casino stocks because a lot of analysts had hoped for a turnaround in casino gambling. japannly that close in showing that we have seen investors pull back a little in that afternoon session here in asia. thank you for the update, juliet from hong kong. challenging...
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Nov 9, 2015
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nn's been a rough year for wy on investor concerns of continuing revenue decline in macau. thank you so much, abigail doolittle. time for the bloomberg business flash. the latest sign that retailers are relying less on black friday to lure shoppers, target is planning a 10 day holiday sale they gets underway on november 22. the so-called 10 days of deals will offer discounts on electronic, kitchenware and toys. a seaworld executive says the company will stop running the orca whale shows added san diego facilities. officials also said they have acquired the rights to a rude off the reindeer team park and will offer merchandise tied to animal rescue efforts. this year's bird flu outbreak means turkeys will be more expensive for your thanksgiving meal. are the lowests for this time of year since 2009. you can always get more business news at bloomberg.com. pimco is firing back at founder bill gross over the lawsuit surrounding his departure, asking to have his court claims thrown out. the news coming in as investors pouring $5.6 million in two bill gross was janus fund. john j
nn's been a rough year for wy on investor concerns of continuing revenue decline in macau. thank you so much, abigail doolittle. time for the bloomberg business flash. the latest sign that retailers are relying less on black friday to lure shoppers, target is planning a 10 day holiday sale they gets underway on november 22. the so-called 10 days of deals will offer discounts on electronic, kitchenware and toys. a seaworld executive says the company will stop running the orca whale shows added...
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Nov 18, 2015
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i think they are pushing back there opening in macau by three months, until june of next year. have are the issues they had with the resorts, and i would not say they are bullish, but it is not as bearish as it has been? vip casinos have been struggling, and some have been doing much better, and that may not be the trend next year. i think we may see some reversion to the mean, and whether it is short interest or the percentage of the float, analyst coverage, and even the options market. options are near the multi-year highs. so there is just massive pessimism. little even if you see a bit of reversion to the mean, you will see the stock trades -- even sideways, you might see some of that premium come out of the option market. julie: what are you doing? 40-50 put spread. notly, as long as it does break through that low from early october, the trade is going to make money. risk is limited to the difference between the strikes, so it is not an overly aggressive trade, but i think there is potential for a turnaround. julie: all right, thank you, bgc partners. always good to talk t
i think they are pushing back there opening in macau by three months, until june of next year. have are the issues they had with the resorts, and i would not say they are bullish, but it is not as bearish as it has been? vip casinos have been struggling, and some have been doing much better, and that may not be the trend next year. i think we may see some reversion to the mean, and whether it is short interest or the percentage of the float, analyst coverage, and even the options market....
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Nov 22, 2015
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macau's chief executive says they will take a closer look at issues that have to do with gaming. billion nexto 25 year, that would be the lowest since 2010. ,he factors causing it continuing to be this crackdown on excess consumption in china and the slowing economy is a big factor. those are not going away. buddy- nice place, nice car what happened? well, it all started with my free credit score from credit sesame.com. they gave me so much more than a free credit score. credit sesame's money management tools and personalized offers saved me tons of money and helped me reach my goals. i just signed up with their free app. what's my credit score? your credit score is 650. that's magic! no, that's credit sesame.com you get so much more than a free credit score so do more with your score at credit sesame.com erik: you are watching "bloomberg best." i'm erik schatzker. a remarkable roster of business and political newsmakers spoke with bloomberg television in the last seven days. will begin around up of the week's best interviews at the robin hood investment conference in new york. s
macau's chief executive says they will take a closer look at issues that have to do with gaming. billion nexto 25 year, that would be the lowest since 2010. ,he factors causing it continuing to be this crackdown on excess consumption in china and the slowing economy is a big factor. those are not going away. buddy- nice place, nice car what happened? well, it all started with my free credit score from credit sesame.com. they gave me so much more than a free credit score. credit sesame's money...
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Nov 2, 2015
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these are casinos that have interest in macau. union gaming analyst came out and said that the communist party may relax the visa regulations on big gamblers headed to macau or another country and they can stop for 14 days rather than seven days. and on the way back they can spend seven days rather than two days. big rich chinese people traveling will be able to spend more money -- give more money to win las vegas sands and mgm resorts. also activision blizzard is being downgraded at bank of america. to a neutral from a buy. the reason the analyst is downgrading them while he raises his price target is because he thinks they are going to beat on earnings tomorrow with the launch of the new call of duty black ops three is going to be a huge hit. and take a look at valiant. the charlie munger story on the number of terminal is just incredible today considering bill ackman's admiration for berkshire hathaway and the fact that valiant, his biggest holding. charlie munger says it is in a moral company and he's against it. an immoral co
these are casinos that have interest in macau. union gaming analyst came out and said that the communist party may relax the visa regulations on big gamblers headed to macau or another country and they can stop for 14 days rather than seven days. and on the way back they can spend seven days rather than two days. big rich chinese people traveling will be able to spend more money -- give more money to win las vegas sands and mgm resorts. also activision blizzard is being downgraded at bank of...
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Nov 2, 2015
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it will allow people to stay in macau for 14 days instead of seven. vegas is up asas well. hewlett-packard and hewlett-packard enterprises into separate trades today. gaining about 2.9%. really across the board. so much. a lot of deals. >> it is a busy monday with a lot of stories. we are going to go back to him with some more. more from our news desk. foreveral new developments with the russian passenger plane, killing all 224 people on board. the plane was registered in ireland and regulators. the airbus was owned by wilmington trust. airline official said only an external impact could cause the plane to crash. a record number of refugees crossed the mediterranean sea last month. that is the number of refugees that typically cross the area in one entire year. a couple official says authorities will take back all afghan citizens being deported to germany, which is accommodating hundreds of thousands of refugees. erdogan swept back into office in yesterday's parliamentary election. an election five months ago. turkey's best -- turkey's index rose 5%. the sport of china, he
it will allow people to stay in macau for 14 days instead of seven. vegas is up asas well. hewlett-packard and hewlett-packard enterprises into separate trades today. gaining about 2.9%. really across the board. so much. a lot of deals. >> it is a busy monday with a lot of stories. we are going to go back to him with some more. more from our news desk. foreveral new developments with the russian passenger plane, killing all 224 people on board. the plane was registered in ireland and...
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Nov 19, 2015
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also in the region, when macau said it will delay its latest casino. pretty unchanged in hong kong. is biggest news in taiwan the broader index. this gain in the malaysian ringgit shows that we are seeing risk appetite back and this region. it is rising the most in one theh up by 1.4% against dollar. guy: thank you very much. let's go to tokyo, where we have same as the monetary policy unchanged despite the fact we are back in two a recession. said theal bank japanese economy is continuing to recover moderately. scheider joins us now. are they waiting to get the fed out of the way before they take action at the boj? y: they are discounting some of the data we saw on monday that indicated japan was in a recession in the third quarter, given the second quarter was also contraction. there has are saying been pick up in the fourth quarter. even though there was weakness in the economy, they are saying, let's wait and see. the governor said before that the inflation price trend was improving. they want to give it more time, i think. we will hear from governor crowder within the hour. it
also in the region, when macau said it will delay its latest casino. pretty unchanged in hong kong. is biggest news in taiwan the broader index. this gain in the malaysian ringgit shows that we are seeing risk appetite back and this region. it is rising the most in one theh up by 1.4% against dollar. guy: thank you very much. let's go to tokyo, where we have same as the monetary policy unchanged despite the fact we are back in two a recession. said theal bank japanese economy is continuing to...
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Nov 5, 2015
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some pressure within the macau casino shares. we will get to japan in a moment. let me tell you about some of the other stock movers to keep an eye on and this session. shares of the hang seng look like this -- the china enterprises index -- these are the chinese shares traded in hong kong. this should get you a sense of what investors are putting your money in terms of chinese companies. telecom, 2.7% advance. industrial is up 2%. key financial movers in this market, traded here in hong kong -- insurers doing well, banks, less so. the financial services look like this. five advance income of zero declining. civic securities -- those brokers that will be doing this increased business from domestic investors are moving as well. -- this is what the shares traded like ahead of that. up by .5%. three at a second quarter operating profit beating in terms of its estimate. they will buy back shares, but they have cut the four-year sales target from 10.1 5 million units to 10 million units. that could weigh on the stock tomorrow. latest on what is generally an update. uo
some pressure within the macau casino shares. we will get to japan in a moment. let me tell you about some of the other stock movers to keep an eye on and this session. shares of the hang seng look like this -- the china enterprises index -- these are the chinese shares traded in hong kong. this should get you a sense of what investors are putting your money in terms of chinese companies. telecom, 2.7% advance. industrial is up 2%. key financial movers in this market, traded here in hong kong...
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Nov 10, 2015
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macau is suffering the worst downturn in its history. it is a sign that retailers may be backing off the holiday frenzy. will close in thanksgiving for the first time. the chain said it made the decision after rolling out a new recruitment campaign. expanding hours on thanksgiving, many are now rethinking. the second two largest railroad in canada is considering a takeover. canadian pacific has held early-stage talks with norfolk southern. that is the bloomberg business flash. tom: very good. there is an oil review out today. francine, help me here. i'm like, why are they doing this? they have five years and in 15 years they have it gaining and the headline is that they will increase opec's percentage of to 44%.n from 40% but it is one big crystal ball. francine: it is. i was surprised that in the next aroundths, we see oil $60 and that does not impact production with shale. tom: we have donald straszheim here with us. the marginal player here on oil commodities. are they like their own mini opec? why can't they frack? donald: they can b
macau is suffering the worst downturn in its history. it is a sign that retailers may be backing off the holiday frenzy. will close in thanksgiving for the first time. the chain said it made the decision after rolling out a new recruitment campaign. expanding hours on thanksgiving, many are now rethinking. the second two largest railroad in canada is considering a takeover. canadian pacific has held early-stage talks with norfolk southern. that is the bloomberg business flash. tom: very good....
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Nov 12, 2015
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the man who bought both jewels is a tycoon convicted of corruption charges in macau, he reportedly bought the stones for his 7-year-old daughter. >> she didn't want a barbie? seems a little excessive, but i don't know. >> how much was that? tens of millions of dollars. >> can't wait to see what happens when she turns 16. i don't know, charlie. >>> long after retiring from the nfl, jim kelly, he is still the pride of buffalo, this morning we're going to . >>> big fails. >> charlie's up for anything, but they were talking about a cat. sounds like our charlie. >>> speaking of up for anything, jc pe krrks pecpenne jcpenney, the retailer may have made a mistake that cost them $50 million. we'll talk about that on "cbs this morning." when the flu hits, it's a the aches. the chills. the fever. an even bigger deal? everything you miss out on... family pizza night. the big game. or date night. why lose out to the flu any longer than you have to? prescription tamiflu can help you get better 1.3 days faster. that's 30% sooner. call your doctor right away. and attack the flu virus at its source with
the man who bought both jewels is a tycoon convicted of corruption charges in macau, he reportedly bought the stones for his 7-year-old daughter. >> she didn't want a barbie? seems a little excessive, but i don't know. >> how much was that? tens of millions of dollars. >> can't wait to see what happens when she turns 16. i don't know, charlie. >>> long after retiring from the nfl, jim kelly, he is still the pride of buffalo, this morning we're going to . >>>...